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Magyar Telekom maintains momentum

May 12, 2022 11.33 Europe/London By Chris Dziadul

The Hungarian incumbent Magyar Telekom ended the first quarter with 1,256,161 TV subscribers in its home market, or 6% more than a year earlier.

Meanwhile, TV ARPU rose by 1.8% over the same period to HUF3,382 (€8.89).

In North Macedonia, its subsidiary ended Q1 with 145,949 TV subscribers (+1.8%), with TV revenues in the quarter amounting to HUF1,429 million (+4.8%).

Magyar Telekom had revenues of HUF175,864 million (+8.4%) and EBITDA of HUF62,146 million (+23.8%) in Q1, while its net profit was HUF19,342 million (+92.2%).

TV revenues were up 7.7% year-on-year to HUF14.9 billion thanks to further expansion of the IPTV base in both countries.

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Filed Under: Central & East Europe, Newsline Tagged With: Hungary, Magyar Telekom, North Macedonia Edited: 12 May 2022 11:34

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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